Muthoot Microfin Limited — Capital/Financing Update 2024

Apr 8, 2024

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April 8, 2024

The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai- 400 00 Bandra-East, Mumbai- 400 051 Scrip Code: 544055 Symbol: MUTHOOTMF

Dear Sir/Madam,

Sub: Intimation of Key Business Update for the Quarter and Fiscal Year Ended March 31, 2024

Pursuant to Regulation 30 read with Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and in terms of other applicable laws, if any, please find enclosed herewith key business update for quarter and year ended March 31, 2024.

We request you to kindly take the above information on record.

Thanking You,

Yours Sincerely,

For Muthoot Microfin Limited,

NEETHU Digitally signed by NEETHU AJAY AJAY Date: 2024.04.08 08:35:01 +05'30' Neethu Ajay Company Secretary and Chief Compliance Officer Membership No. A34822

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Muthoot Microfin Limited

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Key Business Update for Quarter and Fiscal Year Ended March 31, 2024

1. Business Review: Throughout the quarter and fiscal year ending on March 31, 2024, Company have observed substantial growth. FY24 marked a healthy mix of credit expansion, rising margins and declining credit cost. Asset quality remained robust during the year. Our key focus areas for the next year include Assets Under Management (AUM) Growth, Asset Quality, Digital inclusion, Customer retention and geographic expansion.

1. Assets under Management (AUM): AUM expanded by 32% year-over-year (YoY), reaching Rs. 12,194 crore as of March 31, 2024, compared to Rs. 9,208 crore as of March 31, 2023.

2. Disbursement : Disbursement surged by 32% YoY to Rs. 10,662 crore during the fiscal year 2023-24, up from Rs. 8,104 crore in the fiscal year 2022-23. Crossed highest ever disbursement in a single fiscal year.

3. Collection Efficiency : Collection Efficiency stands at 98.4% for the fiscal year 202324, up 260 bps from 95.8% in the fiscal year 2022-23.

4. Funds Raised : Funds availed Rs. 9,242 crore through various instruments during the fiscal year 2023-24. The Company has un-availed sanctions of 2,112 Crores during the closure of the Financial Year. Concluded a landmark ECB deal, raising USD 75 million (Rs. 622 crores) from multiple international banks. The deal provides cheaper funds and also helps in achieving better asset - liability mix with 3.3 year loan timeframe.

5. Network: Total branch count 1,508 growing by 29% YoY opening doors to financial inclusion and empowering lives. Entered Telangana and expanded our footprint is many states including Uttarakhand and Himachal.

6. Active Customers: Active customer count expanded by 21% YoY, reaching 33.5 lakh customers as of March 31, 2024, compared to 27.7 lakh customers as of March 31, 2023. Added 10.0 lakh new customer to Muthoot Microfin during the fiscal.

7. App Downloads: Mahila Mitra app downloads (cumulative) have now reached to 16.3 lakh customers.

Please note that all the numbers mentioned above as of March 31, 2024 are provisional unaudited numbers. It is subject to review and audit by the Statutory Auditors of the Company and approval by the Audit Committee & the Board of Directors of the Company.